I negotiated the mortgage lien on an investment property and entered into a contract for sale with an investor. I have recently discovered that there are a ton of city liens on the property that equate to much more than the property is valued and the investor has offered.
I want to release this property and of course the seller is trying to hold me captive. Is there an expert that negotiates these types of liens? If so who do I contact (attorney, other)? Can the buyer hold me to a contract if I can't pay off the liens?
Did the contract say that the realtor to pay your wife after her transaction is closed and funded? If that's the case then it will probably be a month before your wife gets paid. The house is likely under contract now but not yet sold (closed and funded). If the contract says your wife to be paid once the service is rendered regardless whether the house is sold then I would bring that realtor to a small claim court.... more
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We are interested in a house that's listed 260,000 however the same neighborhood appox same square foot and extra additions pool and garage are went for at 228,000 within last year and house has been on market since 2015 , they are wanting to keep all high end appliances take curtains & rods , she'd and kayak pool and cabinets rget out of garage is it a insult to offer 230,00?... more
Regardless of all of that. The Law is that you must disclose all known material facts about the property. If your house has such problems, you know and you don't tell the buyer, then you are liable. Also, it is impossible to know what 'as is' means until you do your due diligence. The Agent has a fiduciary duty to the client. We're not selling fruit here. For most people their home is their single biggest investment and equity.
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Not usually, there are nonprofit orgs. that will pick up unwanted usable items. Your agent can help with names of those in your area. As far as trash goes. Get some extra yard trash bags and load them up and sit beside the trash bin if allowed in your area. If not, at least sit them by the back door for later trash pickups. No one should have trash left behind when purchasing a home. A realtor will usually assist the client on how to leave the home in a clean and orderly way for the new owners.... more
Did you work with a Realtor? Did you use standard CAR forms? Such a rent back is just like any lease. You are the Tenant and the new owner is your Landlord. The same rules for security deposits apply.
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.... more